Rhino Investment Partners Inc Has $3.20 Million Position in KKR Real Estate Finance Trust $KREF

Key Points

• Rhino Investment Partners Inc increased its holdings in KKR Real Estate Finance Trust by 207.7% in Q1, owning approximately 0.44% of the company worth $3.2 million.
• KKR Real Estate Finance Trust reported a disappointing EPS of ($0.53) for the last quarter, missing estimates significantly and showing a negative net margin of 4.43%.
• The company recently announced a quarterly dividend of $0.25 per share, representing an annual yield of 10.7%, despite a high dividend payout ratio of -151.52%.

Rhino Investment Partners Inc grew its stake in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 207.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 296,668 shares of the company's stock after acquiring an additional 200,244 shares during the quarter. Rhino Investment Partners Inc owned about 0.44% of KKR Real Estate Finance Trust worth $3,204,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of KKR Real Estate Finance Trust by 9,954.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock valued at $26,000 after acquiring an additional 2,389 shares during the period. GAMMA Investing LLC lifted its position in shares of KKR Real Estate Finance Trust by 2,508.7% during the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock valued at $58,000 after acquiring an additional 5,193 shares during the period. Caxton Associates LP bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $110,000. Sherbrooke Park Advisers LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $119,000. Finally, First Trust Advisors LP bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $129,000. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Price Performance

KREF traded down $0.01 on Tuesday, reaching $9.46. The stock had a trading volume of 69,718 shares, compared to its average volume of 588,946. KKR Real Estate Finance Trust has a fifty-two week low of $8.28 and a fifty-two week high of $12.95. The firm has a 50-day moving average of $9.14 and a 200-day moving average of $9.65. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $621.00 million, a price-to-earnings ratio of -14.33 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%.The firm had revenue of $35.75 million during the quarter, compared to analyst estimates of $32.55 million. As a group, sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Monday, June 30th. KKR Real Estate Finance Trust's dividend payout ratio is presently -151.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KREF shares. JMP Securities reiterated a "market outperform" rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Wall Street Zen downgraded KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of "Moderate Buy" and a consensus price target of $11.95.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.